Riskified (NYSE:RSKD) Director Erez Shachar Sells 220,600 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 220,600 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $5.05, for a total value of $1,114,030.00. Following the completion of the transaction, the director owned 2,911,377 shares of the company’s stock, valued at $14,702,453.85. The trade was a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Erez Shachar also recently made the following trade(s):

• On Tuesday, June 30th, Erez Shachar sold 281,501 shares of Riskified stock. The shares were sold at an average price of $5.02, for a total value of $1,413,135.02.
• On Friday, June 26th, Erez Shachar sold 356,000 shares of Riskified stock. The shares were sold at an average price of $5.02, for a total transaction of $1,787,120.00.
• On Thursday, June 25th, Erez Shachar sold 124,085 shares of Riskified stock. The shares were sold at an average price of $4.96, for a total transaction of $615,461.60.
• On Wednesday, June 24th, Erez Shachar sold 168,300 shares of Riskified stock. The stock was sold at an average price of $4.89, for a total transaction of $822,987.00.
• On Tuesday, June 23rd, Erez Shachar sold 150,200 shares of Riskified stock. The stock was sold at an average price of $4.93, for a total transaction of $740,486.00.
• On Monday, June 22nd, Erez Shachar sold 75,204 shares of Riskified stock. The stock was sold at an average price of $4.92, for a total transaction of $370,003.68.
• On Thursday, June 18th, Erez Shachar sold 101,600 shares of Riskified stock. The shares were sold at an average price of $4.93, for a total transaction of $500,888.00.
• On Wednesday, June 17th, Erez Shachar sold 96,100 shares of Riskified stock. The stock was sold at an average price of $4.94, for a total transaction of $474,734.00.
• On Tuesday, June 16th, Erez Shachar sold 261,459 shares of Riskified stock. The stock was sold at an average price of $4.95, for a total transaction of $1,294,222.05.
• On Thursday, June 11th, Erez Shachar sold 81,762 shares of Riskified stock. The shares were sold at an average price of $4.87, for a total transaction of $398,180.94.

Riskified Stock Down 0.3%

Shares of NYSE RSKD traded down $0.01 during trading on Wednesday, hitting $5.03. 2,188,499 shares of the company traded hands, compared to its average volume of 842,386. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $5.68. The company has a 50-day moving average price of $4.79 and a 200-day moving average price of $4.59. The firm has a market capitalization of $744.45 million, a P/E ratio of -45.68 and a beta of 1.40.

Riskified (NYSE:RSKD) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%.The business had revenue of $88.27 million during the quarter, compared to the consensus estimate of $87.72 million. Research analysts predict that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Institutional Trading of Riskified

Several large investors have recently bought and sold shares of the company. Millennium Management LLC raised its stake in shares of Riskified by 335.3% during the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock valued at $3,953,000 after purchasing an additional 612,719 shares during the period. Clearline Capital LP boosted its stake in shares of Riskified by 23.8% in the third quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock valued at $14,536,000 after purchasing an additional 597,765 shares during the period. Harvey Partners LLC boosted its stake in shares of Riskified by 20.4% in the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock valued at $14,475,000 after purchasing an additional 523,855 shares during the period. Anson Funds Management LP grew its holdings in Riskified by 136.0% during the 4th quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock valued at $3,150,000 after purchasing an additional 365,254 shares in the last quarter. Finally, TFJ Management LLC grew its holdings in Riskified by 31.7% during the 3rd quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock valued at $6,524,000 after purchasing an additional 335,399 shares in the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

Analyst Upgrades and Downgrades

RSKD has been the topic of several research analyst reports. Truist Financial reduced their price objective on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.96.

Riskified Company Profile

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company’s core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.